Creates a new fund to help workers get training and support for jobs changed by AI and new technology.
This bill would create a new government fund and board to help American workers whose jobs are changing because of artificial intelligence and new technologies. It would set aside money for job training, education, and support services like child care, while also helping employers keep or retrain their staff. The money for this fund would come from a tax change affecting certain AI data centers.
Today, businesses that own or lease property for AI data centers can claim a tax break called bonus depreciation. This bill would end that tax break for AI data centers, and the money saved would be transferred annually into a new National Workforce Transition Fund. This fund would then pay for programs to help workers get new skills and support for jobs changing due to AI, and assist employers in retaining or retraining their staff.
S 5055 · 119th Congress · July 21, 2026 · AI Summary by gemini-2.5-flash · 10/10
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